Coinbase Lists Worldcoin on Its Trading Roadmap

Coinbase, the U.S.-based cryptocurrency exchange, has announced plans to include Worldcoin (WLD) in its token listing roadmap, per an update on its X account.

This move is seen as increasing Worldcoin’s liquidity and market reach, potentially influencing Ethereum and Optimism networks.

Coinbase Adds Worldcoin to Trade Listings

Coinbase, known for being the largest U.S. crypto exchange, has announced plans to list Worldcoin (WLD). This listing appears on their official roadmap, indicating a strategic move to expand their asset offerings.

The addition of Worldcoin, co-founded by Sam Altman, aims to create digital identities verified through iris-scanning. The company highlights the importance of digital ID in today’s world.

Privacy Worries Amidst U.S. Liquidity Hopes

The listing on Coinbase is anticipated to improve liquidity for WLD, increasing its accessibility in the U.S. The announcement has already fueled speculation and trading activities on other platforms.

Critically, privacy and legal challenges could affect Worldcoin’s further expansion in Europe, with ongoing investigations into their biometric data collection practices. “Community and regulatory sentiment toward Worldcoin remains mixed, with privacy and data-collection practices scrutinized by European regulators.” [1]

Market Volatility Expected with WLD Liquidity Increase

Historically, additions to Coinbase’s roster like Polygon (MATIC) and Uniswap (UNI) have led to increased trading surges. Tokens similar to Optimism have seen ecosystem growth due to these listings.

Experts suggest that liquidity improvements for WLD could lead to corresponding boosts for ETH and Optimism (OP), but warn that token unlocks may result in market volatility according to an analyst commentary.